The FBAA has welcomed reports that Suncorp has introduced lower mortgage interest rates but says business borrowers who borrow against their private homes should also benefit.
CEO Peter White said, “Given Suncorp is able to reduce its rates on residentially secured properties, it would also be great to see the same benefit passed on to business borrowers who use their residential homes as security for their business debts.”
“This will enable small business owners to continue to trade profitably and to possibly expand their businesses and employ more people.”